China's economy slows in May more stimulus expected

China's economy slowed in May, with industrial output up by 3.5% YoY, down from 5.6% in April, and below analysts' consensus forecasts of a 3.6% increase. The soft data, described as a "nearly confirmed economic double dip," prompts calls for more intervention to shore up a post-coronavirus recovery, with the government looking at more stimulus measures and analysts concerned about deflationary risk, rising local govt debts, weakening global demand and record youth unemployment. https://ift.tt/zXC6gap